Tax Abatements

Community Reinvestment Area (CRAs)
The City of Aurora has 3 CRAs which exist to provide residents and local businesses with an incentive for improving or expanding their homes and businesses. With cooperation from the Aurora Board of Education, the city offers real estate tax abatements to businesses for new construction and additions as well as abatements to residents for additions and renovations. The increase in real estate taxes due to these improvements can be abated 75-100% for 10-15 years. Contact the Finance Department or click on the map under Quick Links to see if your property falls within one of the following CRAs:

CRA #1: Aurora Industrial Park

Commercial or industrial buildings in CRA #1 can receive a 100% real estate tax abatement for 15 years on new construction and additions

CRA #2: City Center along parts of SR 43 and SR 82

Commercial buildings in CRA #2 can receive a 75% real estate tax abatement for 15 years on new construction and a 75% abatement for 12 years on additions

Residential buildings in CRA #2 can receive a 100% real estate tax abatement for 10 years on additions and renovations

CRA #3: Geauga Lake Area

Commercial buildings in CRA #3 can receive a 75% real estate tax abatement for 15 years on new construction and a 75% abatement for 12 years on additions

Residential buildings in CRA #3 can receive a 100% real estate tax abatement for 10 years on additions and renovations